Is The Tron Coin An Overhyped Cryptocurrency?

Tron (TRX) could be overhyped going by the recent loss in its market ranking, not minding the continuous developments within its blockchain.

This is after its founder, Justin Sun gave his target for the year which was for it to attain the 4th position in the market ranking. The end of the first quarter had shown that the coin could actually be overhyped.

Some of the reasons why this position could be correct are:
1) It is occupying a lower position at the end of the first quarter
2) Its partnerships with Binance could not be justified
3) The number of updates did not improve its price
4) Its increase in user base could not justify its present performance

It is occupying a lower position at the end of the first quarter

At the beginning of the year after Tron Foundation CEO, Justin Sun gave his vision for TRX for the year 2019, many fans of the token were glad and hoped that this year will be a year of recovery of lost fortune due to the crypto winter of 2018. At the beginning of the year, the coin was at the 10th position but is present at the 11th spot irrespective of the high expectations for the coin reboun.

Its partnership with Binance could not be justified

When the Tron team announced in January that they will be launching the BitTorrent token (BTT) with one of the support arm of Binance, The Binance Launchpad and that the holders of the BTT would be rewarded with the TRX token. This led to demand for TRX. Between then and now, one could agree that the price of the coin is lower even though the BTT token is traded in various exchanges.

The number of updates did not improve its price

One of the top coins with continuous updates is TRX. However, these updates had not translated to improved price for the cryptocurrency. Which shows that all the recent data around the coin due to these updates are irrelevant and that the crypto could be overhyped.